Thursday, May 26, 2011

Top Headlines in Real Estate

 
 
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Fannie Expands 'Imminent Default' Test, Issues Short Sale Value Rules - dsnews.com
 
Fannie Mae has issued a notice to servicers detailing changes to how they should apply imminent default and how they determine the market value of properties for pre-foreclosure sales. The GSE is requiring servicers to apply...
 
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Survey: Next 2 years is prime time for real estate investors - inman.com
 
18.5% plan to pay in cash. Real estate investors are likely to be three times more active than other types of homebuyers in their local markets within the next two years, according to a nationwide survey from Realtor.com...
 
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Mortgage rates hit new lows for 2011 - housingwire.com
 
The 30-year, fixed-rate mortgage rate fell to 4.60% in the most recent Freddie Mac Primary Mortgage Market Survey, reaching a new low for 2011.
 
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Foreclosures for sale: Big supply, low prices - money.cnn.com
 
In some states, foreclosure sales make up half of all transactions, and they sell at huge discounts.
 
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Goldman Restructures Hotel Debt - online.wsj.com
 
Goldman Sachs's Whitehall Real Estate Funds restructured $1.42 billion of debt coming due on one of its largest hotel portfolios, the latest indication property owners are working through some of their most troubled assets.
 
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